What happened? It looks like the decline in EUR/CHF to 1…
AUD/CHF reversed from resistance zone
2019-11-11 • Updated
- AUD/CHF reversed from resistance zone
- Next sell target - 0.7600
AUD/CHF recently reversed down from the resistance zone lying between the strong resistance level 0.7710 (which has been steadily reversing the pair from the middle of October, having recently created the daily Japanese candlesticks reversal patterns Evening Star and Hammer) and the upper daily Bollinger Band. AUD/CHF is expected to fall further toward the next sell target at the next support level 0.7600 (low of the B-wave of the previous ABC correction (2) from November).
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.
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